Market landscape and ETF approval pipeline

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Bitwise filed to uplist its $1.3 billion Bitwise 10 Crypto Index Fund (BITW) as an ETF, following a similar path to Grayscale in November 2024
The SEC has granted preliminary approval for the Grayscale crypto index fund to convert into an ETF on NYSE Arca, but the fund cannot begin trading until its registration statement is declared effective
Hashdex and Franklin Templeton are also pursuing crypto index ETFs, with Hashdex proposing seven new altcoins and Franklin Templeton planning to shift basket assets into ETF format

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